Selected accounts of Fishbowl Antiques show the following:

Required
For each account, identify the item or items that should appear on a statement of cash flows prepared by the direct method. State where to report the item.

Transcribed Image Text:

Salary Payable Beginning balance 9,000 38,000 7,000 Payments 40,000 Salary expense Ending balance Buildings 90,000 Depreciation Beginning balance 18,000 145,000 Book value of building sold 109,000* Ending balance Sale price was 140,000. 108,000 Notes Payable Beginning balance 273,000 69,000 Issuance of note payable for cash 83,000 287,000 Payments Ending balance